Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: June 16, 2025

Purpose:

Content: 9.1 The Committee considered a report of the Director of Finance & Commercial Services which provided an update on the financial challenges facing the Council throughout 2024-25 due to increased service demands, rising costs, and reduced funding and how the resulting overspend was being managed via the Future Sheffield Programme, and formally recorded changes to the revenue budget.     9.2 RESOLVED UNANIMOUSLY: That the Finance and Performance Policy Committee:- a)    Notes the updated information on the 2024/25 Revenue Budget Outturn as described in the report including the detailed committee budget monitoring information and management actions provided; b)    Approves revenue budget carry forward requests for 3 items:                         I.         £58k South East LAC                       II.         £22.5k North LAC                      III.         £40k Playing Pitch Strategy; and c)    Notes the final outturn information provided in the appendices to the paper for the Capital programme and treasury management for the Council.         9.3 Reasons for Decision     9.3.1 To record formally changes to the Revenue Budget.         9.4 Alternatives Considered and Rejected     9.4.1 The Council is required to both set a balance budget and to ensure that in[1]year income and expenditure are balanced. No other alternatives were considered.